It dropped from above 1.70… straight to 0.59. That’s not a normal dip. That’s panic selling. When price falls this fast, it means: • Big holders exited • Liquidations happened • Buyers disappeared Now it’s sitting near 0.55–0.60 trying to slow down. If this area holds → small bounce possible. If it breaks lower → more downside. Right now this is risky. No clear reversal yet. Best move? Wait. Let it stop falling. Let it build a base. Trying to buy while it’s still dropping is dangerous.
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$POWER crashed hard....
It dropped from above 1.70… straight to 0.59.
That’s not a normal dip.
That’s panic selling.
When price falls this fast, it means: • Big holders exited
• Liquidations happened
• Buyers disappeared
Now it’s sitting near 0.55–0.60 trying to slow down.
If this area holds → small bounce possible.
If it breaks lower → more downside.
Right now this is risky.
No clear reversal yet.
Best move?
Wait.
Let it stop falling.
Let it build a base.
Trying to buy while it’s still dropping is dangerous.